Airline companies normally classify the seats of a cabin class into a number of fare classes. Customers of different fare classes arrive randomly during the booking horizon. Every time a customer in a certain fare class arrives, the airline company must decide promptly whether to fulfill or...

This study considers an inventory rationing problem in which a warehouse maintains inventory to meet various future requests that are classified into a discrete number of priorities. When there is limited inventory quantity in the warehouse, we prefer to fulfill higher priority requests over...